Thursday, March 24, 2011

Pg 225-226

This wasn't a very important part of the book. Warsh mostly just talks about how Romer strays away from the new "freshwater" economics and perfect competition. He then goes on to talk about Lionel McKenzie who taught the people who became leaders in the economic field of academia and taught Romer around the time of this transition.
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1 comment:

  1. Dr. TufteMarch 27, 2011 at 10:18 PM

    A for Sue.

    It isn't correct to say that McKenzie taught Romer. Romer was already on the faculty. What McKenzie did was to run cover for Romer, allowing him to flourish: remember that Rochester was freshwater, and Romer was moving in another direction.

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